XML 39 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 29, 2019
Dec. 30, 2018
Dec. 29, 2019
Dec. 30, 2018
Net revenues $ 605,642 $ 571,316 $ 792,905 $ 740,812
Cost of revenues 336,470 316,489 447,587 417,445
Gross profit 269,172 254,827 345,318 323,367
Operating expenses:        
Marketing and sales 127,404 119,664 184,243 172,618
Technology and development 11,733 10,906 22,536 21,185
General and administrative 22,634 21,603 44,156 42,033
Depreciation and amortization 7,830 7,969 15,465 15,812
Total operating expenses 169,601 160,142 266,400 251,648
Operating income 99,571 94,685 78,918 71,719
Interest expense, net 985 1,430 1,580 2,420
Other (income) expense, net (975) 1,266 (891) 992
Income before income taxes 99,561 91,989 78,229 68,307
Income tax expense 25,409 23,411 19,348 16,995
Net income $ 74,152 $ 68,578 $ 58,881 $ 51,312
Basic net income per common share (in dollars per share) $ 1.15 $ 1.07 $ 0.91 $ 0.80
Diluted net income per common share (in dollars per share) $ 1.12 $ 1.04 $ 0.89 $ 0.77
Weighted average shares used in the calculation of net income per common share:        
Basic (in shares) 64,687 64,209 64,595 64,415
Diluted (in shares) 66,401 66,136 66,486 66,483